Oct 132013
 
Commissions create a short-term reward for recommending long-term solutions. I think it’s better for both the client and the advisor to have a long-term commitment. Once the commission is paid, some advisors may conclude that their work is done. For you, the key to success is setting up a long-term strategy with a high probability of success.

Page: 55

Paul Merriman’s opinion on why investors should use fee based advisors rather than commissioned sales people makes a lot of sense. This is not to say that commissioned investment advisors cannot serve investors well, just that commissions make it very difficult. Not only does the sales professional have to fight urges to generate unnecessary commissions, his sales manager is also incentivized to increase sales.

The primary reason I see that justifies commissioned based investment advisors is that many people do not take the initiative to invest for themselves and must be persuaded, in other words, sold on the the need to invest for their future. Fee based advisors are usually not out soliciting first time investors.


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Oct 072013
 

Every year I give a talk to high school students. I ask them if they want to invest like millionaires. Without exception, they say they do. Then I point out that millionaires invest in hundreds or thousands of companies, instead of only in a few. The good news is that if you have a few thousand dollars, you can invest like a millionaire through mutual funds.

— Page: 16

As exciting as it may be to buy individual stocks, mutual funds and ETFs allow you to diversify. If you aren’t diversified then you are gambling, which can be fun but should not be considered investing.


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Article Series - 101 Investment Decisions

  1. 101 Investment Decisions Guaranteed to Change Your Financial Future by Paul Merriman
  2. Invest like a Millionaire – Use Mutual Funds and ETFs
  3. Investment Advisors – Commissioned & Fee Based
Mar 302013
 

I have always appreciated Paul Merriman’s investment advice, having listened to his investment podcasts for a number of years and reading quite a bit on his website. On his March 20, 2013 podcast, “How Much Higher Can The Market Go?”, he announced they were giving away his latest book, 101 Investment Decisions Guaranteed to Change Your Financial Future. This is too good of a deal to pass up and I look forward to reading it.

After providing my name and email address, I promptly received an email with links to the e-pub, Kindle, and pdf versions of the book.

Let me know if you download it and then what you think about it.

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Book Posts

  • 101 Investment Decisions Guaranteed to Change Your Financial Future by Paul Merriman

  • Book Info

    101 Investment Decisions Guaranteed to Change Your Financial Future
    by Paul Merriman
    Publisher: CreateSpace Independent Publishing Platform
    Published: 12/06/2012
    ISBN-10: 1479315966
    ISBN-13: 978-1479315963
    Started: 10/09/2013
    Finished: 10/15/2013
    Source: website
    Reason:

    101 Investment Decisions Guaranteed to Change Your Financial Future is Book 3 of Paul Merriman's "How To Invest" Series and, unapologeticly, he lists it as one of the Seven Most Essential Books on Investing.


    Format: e-book

    Publisher Synopsis

    101 Investment Decisions Guaranteed To Change Your Financial Future is the workbook for savvy investors at all stages of life! Learn how every investment decision you make has the potential to add $1,000, $10,000, $100,000 or more to your wealth. Together, this can mean millions of extra dollars for you and your family over the years. In his information rich, pull-no-punches style, Paul Merriman explains the decisions to be made and the impact of each on your financial future, so you can easily prioritize and make the best financial choices to meet your goals. It’s your future… choose wisely.

    ABOUT THE “HOW TO INVEST” series

    Paul A. Merriman’s HOW TO INVEST series of print and eBooks provides concise and timeless information to help you achieve a secure financial future and stress-free retirement. Each book addresses specific audiences and investment topics. The first book, First-Time Investor: Grow and Protect Your Money is an essential guide to building and maintaining a successful investment portfolio.

    All profits from the sale of this series are donated to educational nonprofit organizations.


    Author Info
    PAUL MERRIMAN is author of "Live It Up Without Outliving Your Money!" and "Financial Fitness Forever", written for his Public Broadcasting System special, "Financial Fitness After 50." Founder of the investment advisory firm Merriman LLC, he is a recognized authority on mutual funds and retirement planning. Now retired, Paul continues his commitment to educating people of all ages and incomes to make the most of their investments — through podcasts, mutual fund recommendations, weekly articles at MarketWatch.com, and the "How To Invest" series of books. Paul A. Merriman’s HOW TO INVEST series of print and eBooks provides concise and timeless information to help you achieve a secure financial future and stress-free retirement. Each book addresses specific audiences and investment topics. "First-Time Investor, Grow and Protect Your Money" is an essential guide to building and maintaining a successful investment portfolio. "Get Smart Or Get Screwed: How To Select The Best and Get The Most From Your Financial Advisor" provides insights into the variety of financial brokers and advisors, what they can and should offer, and how you can get the best and most from your advisor. All profits from the sale of this series are donated to educational non-profit organizations. For more information, visit: PaulMerriman.com

    Article Series - 101 Investment Decisions

    1. 101 Investment Decisions Guaranteed to Change Your Financial Future by Paul Merriman
    2. Invest like a Millionaire – Use Mutual Funds and ETFs
    3. Investment Advisors – Commissioned & Fee Based